IFM Investors Pty Ltd bought a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 23,094 shares of the semiconductor manufacturer’s stock, valued at approximately $288,000.
A number of other institutional investors also recently modified their holdings of AMD. Meeder Asset Management Inc. acquired a new stake in Advanced Micro Devices in the first quarter valued at approximately $100,000. Intellectus Partners LLC acquired a new stake in Advanced Micro Devices in the first quarter valued at approximately $116,000. K.J. Harrison & Partners Inc acquired a new stake in Advanced Micro Devices in the second quarter valued at approximately $125,000. ING Groep NV acquired a new stake in Advanced Micro Devices in the first quarter valued at approximately $127,000. Finally, Global X Management Co. LLC acquired a new stake in Advanced Micro Devices in the second quarter valued at approximately $143,000. Hedge funds and other institutional investors own 59.11% of the company’s stock.
Shares of Advanced Micro Devices, Inc. (AMD) opened at 13.30 on Friday. Advanced Micro Devices, Inc. has a 52-week low of $6.14 and a 52-week high of $15.65. The stock’s 50 day moving average is $12.68 and its 200 day moving average is $12.78. The company’s market capitalization is $12.59 billion.
Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. Advanced Micro Devices had a negative net margin of 11.82% and a negative return on equity of 24.34%. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period last year, the company posted ($0.05) EPS. Advanced Micro Devices’s revenue was up 19.0% on a year-over-year basis. Equities analysts expect that Advanced Micro Devices, Inc. will post $0.10 EPS for the current year.
AMD has been the topic of a number of research analyst reports. Craig Hallum raised their target price on shares of Advanced Micro Devices from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, June 22nd. Canaccord Genuity lifted their price target on shares of Advanced Micro Devices from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, June 21st. Wells Fargo & Company reiterated an “outperform” rating and set a $15.00 price target on shares of Advanced Micro Devices in a report on Friday, June 30th. Vetr upgraded shares of Advanced Micro Devices from a “buy” rating to a “strong-buy” rating and set a $15.99 price target on the stock in a report on Monday, June 26th. Finally, Bank of America Corporation reiterated a “buy” rating and set a $16.50 price target on shares of Advanced Micro Devices in a report on Friday, July 7th. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Advanced Micro Devices has a consensus rating of “Hold” and a consensus target price of $13.89.
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In other Advanced Micro Devices news, SVP Forrest Eugene Norrod sold 62,500 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $15.42, for a total transaction of $963,750.00. Following the completion of the sale, the senior vice president now directly owns 600,301 shares in the company, valued at approximately $9,256,641.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 325,000 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $12.46, for a total transaction of $4,049,500.00. Following the sale, the chief executive officer now owns 2,037,139 shares of the company’s stock, valued at $25,382,751.94. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,054,793 shares of company stock valued at $21,024,000,026,371,000. 1.60% of the stock is currently owned by corporate insiders.
Advanced Micro Devices Profile
Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.
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